Frontier Airlines Selects P&W GTF Engines to Power 134 Airbus A320neo Family Aircraft
Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), and Frontier Airlines ( Frontier ) announced the selection of Pratt & Whitney GTF engines to power 134 Airbus A320neo family aircraft. The engines will power 49 A320neo, 67 A321neo and 18 A321XLR aircraft, with the first of these aircraft currently scheduled for delivery in 2022. Pratt & Whitney will also provide Frontier with engine maintenance through a long-term EngineWise® Comprehensive service agreement. Frontier Airlines is at the forefront of green innovation in the airline industry and this deal for advanced GTF engines from Pratt & Whitney is extremely significant in our continued action plan to reduce fuel consumption, said Barry Biffle, president and CEO of Frontier Airlines. Operating with this new engine technology will result in additional fuel savings which translates to operational cost reductions we can pa
Operator
Good day, ladies and gentlemen, and welcome to the Raytheon Technologies Fourth Quarter 2020 Earnings Conference Call. My name is Norma, and I ll be your operator for today. As a reminder, this conference is being recorded for replay purposes. On the call today are Greg Hayes, Chief Executive Officer; Toby O Brien, Chief Financial Officer; Neil Mitchill, Corporate Vice President and Financial Planning, Analysis and Investor Relations. This call is being carried live on the Internet and there is a presentation available for download from Raytheon Technologies website at www.rtx.com. Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding net non-recurring and non or significant items and acquisition accounting adjustments, often referred to by management as other significant items. The company also reminds listeners that earnings and cash flow expectations and other forward-looking statements provided in this call
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Raytheon: Job cuts deeper at Pratt & Whitney and Collins Aerospace than first announced as COVID-19 slammed aviation Stephen Singer, Hartford Courant
Raytheon Technologies Corp., the parent company of jet engine maker Pratt & Whitney, said Tuesday it made deeper cuts in commercial aviation jobs than the 15,000 it announced in September as the aviation and defense giant responded to the coronavirus pandemic that left airline fleets grounded.
At East Hartford-based Pratt & Whitney and at components manufacturer Collins Aerospace there was a 20% reduction in jobs, trimming the worldwide workforce by 16,500 positions. The new numbers came as the company reported its fourth quarter financial results Tuesday.
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Trying to keep up with all the earnings news? It’s a challenge, but a welcome one for many investors anxious to see how Q4 turned out for the major companies.
The day begins with a fresh batch of earnings data but nothing new on the vaccine front.
Johnson & Johnson (NYSE: JNJ) had really nice earnings and so did
Raytheon Technologies Corp (NYSE: RTX). Meanwhile,
Microsoft Corporation (NASDAQ: MSFT),
Texas Instruments Incorporated (NASDAQ: TXN) and
Starbucks Corporation (NASDAQ: SBUX) wait in the wings for after the close. There’s so much to look at today it’s hard to keep track of everything.